Diesel prices drop below £1

4 January 2016

petrol In case you missed it in our Deals of the Day, there's some good news for motorists today, as the big four supermarkets - Tesco, Asda, Sainsbury's and Morrisons - have all cut the price of diesel to less than £1 a litre! That's the lowest price we've seen in years.

Most of them have dropped prices to 99.7p, which is just swell. However, some people still want a moan about it, so we hand you over to Steve Gooding, director of the RAC Foundation, said: "The wholesale price of diesel has been below that of petrol since early December, yet the story at the pumps has been the opposite - with diesel 3p or 4p a litre higher throughout that period."

Basically, the gripes around this are that diesel could've been this cheap before now.

Either way, it looks like prices might fall even further, with RAC Fuel Watch spokesperson Pete Williams saying that 90p per litre could well be on the card in the next couple of months. He said: "The lion's share of the price we pay at the pump, around 75%, goes to the Treasury in duty and VAT. The rest of the price is production, refinery costs, distribution and the fuel retailers' margins."

"The focus has been on the price of petrol but with more diesel sold in the UK, the retailers should be more transparent and reflect the savings they are making in the wholesale price more swiftly at the pump. And right now, diesel is cheaper than petrol."

TOPICS:   Motoring

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